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Leonard Pokrovski

added blog Economics
2026-05-22 21:31:10 -

How does carbon pricing work?
How Does Carbon Pricing Work? There is a habit in economics, especially in rooms with polished tables and filtered air, to speak about carbon as though it were an abstraction. A metric. A unit. A derivative of energy consumption. Yet carbon dioxide is physical. It leaves a tailpipe warm. It rises from a smokestack with the invisible confidence of empire. It lingers in oceans that absorb heat...

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Leonard Pokrovski

added blog Economics
2026-05-22 21:34:36 -

What is cap-and-trade?
What Is Cap-and-Trade? There is a moment that arrives in certain industrial cities just before dawn when the air becomes visible. Not fog. Not weather. A chemistry of exhaust, sulfur, nitrates, carbon, and microscopic particulates suspended low enough to taste. I remember standing near the ship channel outside Houston years ago while a refinery exhaled steam against a bruised sky. A worker...

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